Sponsors

The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break above the top of the hammer would be a buying opportunity for the short-term, but only the short-term. There is a massive amount of resistance above, not only at the 1.35 level, but above there as there was a gap after the vote to leave the European Union. With this, I believe that there will be plenty of volatility going forward.

Recommended Forex Trading Platforms

We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.